530 - 570 Talmage Rd - Apartments FOR SALE


Ukiah, CA 95482
$2,300,000 USD
707-972-5400
530 - 570 Talmage Rd, Ukiah, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/22
null | 5.99% Cap Rate

530 - 570 Talmage Rd
Ukiah, CA 95482


HIGHLIGHTS

  • Stable tenant-base and strong rents
  • Great central location close to major shopping area, schools and freeway access
  • Well-maintained with newer roof and exterior paint, units are updated as necessary during tenant turnovers
  • Development potential with C-1 zoning

OVERVIEW

A great multi-family investment opportunity in South Ukiah, this well-maintained 16-unit apartment complex offers good cash flow with a stable tenant base, C-1 zoning, and four 4-plexes on four separate legal parcels. The 1 bedroom/1 bath, 572+/- square foot units offer an open kitchen/living room layout, bright spacious bathrooms and individual attached carports. Very clean complex with many recent upgrades including newer roof and exterior paint, dual pane windows and new vinyl flooring, interior paint, kitchen cabinets and appliances in several units during the current ownership. Conveniently located close to Ukiah's busy Airport Blvd. shopping area, schools and freeway access. Ukiah is in the heart of Mendocino County Wine Country, just 2 hours north of the Golden Gate Bridge and 1 hour to the Sonoma County Airport.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

16

PRICE/UNIT

$143,750

CAP RATE

5.99%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

C-1

APN/PARCEL ID

003-150-58-00

ASK ABOUT THIS PROPERTY

John LazaroColdwell Banker Mendo RealtyMore Info
707-972-5400

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John LazaroColdwell Banker Mendo RealtyMore Info
707-972-5400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.